Vast Resources (AIM:VAST) has received ‘encouraging’ results following the finalisation of Metallurgical Copper & Zinc Test Work at its Baita Plai Polymetallic mine in Romania.
The testing of the Lead and Molybdenum are still ongoing, Vast said, and it expects to receive a Final Metallurgical Report from consultancy Grinding Solutions in August 2020.
‘The Company can also confirm it is now in receipt of the first batch of underground drill hole assays from ALS and the results are equally encouraging,’ the company highlighted.
Shares in Vast Resources have performed strongly over the past three months from lows of 0.15p to open this morning at 0.23p
Further batches of data are expected over the coming weeks, it highlighted, adding that it will have a complete set of Assay results ready for publication in August 2020.
The AIM-listed mining company also confirmed to investors that the remaining containers of equipment, referred to in previous announcements, have all arrived on site at Baita Plai.
Meanwhile, Vast also confirmed that the commencement of underground production will go ahead - in line with previous announcements - during the week starting 27th July 2020.
First concentrate will be produced in August 2020 in preparation for sale to Mercuria.
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